A manufacturer marked an article at Rs. 120 and sold it allowing a 15\% discount. If his profit was 20\% , then the prime cost (cost price) of the art - Quantitative Aptitude MCQ Competitive Exam 2026 | ExamTest.live

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A manufacturer marked an article at Rs. 120 and sold it allowing a 15% discount. If his profit was 20%, then the prime cost (cost price) of the article is

Solution & Step-by-step Explanation

Given data: * Marked Price (MP) = Rs. 120 * Discount = 15% * Profit = 20% First, find the Selling Price (SP): SP = MP \times (1 - \frac{Discount %}{100}) = 120 \times (1 - \frac{15}{100}) = 120 \times 0.85 = Rs. 102 Now, calculate the Cost Price (CP) based on the 20% profit: CP = \frac{SP}{1 + \frac{Profit %}{100}} = \frac{102}{1 + 0.20} = \frac{102}{1.2} = \frac{1020}{12} = Rs. 85

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A manufacturer marked an article at Rs. 120 and sold it allowing a 15% discount. If his profit was 20%, then the prime cost (cost price) of the article is

Rs. 85

Rs. 90

Rs. 100

Rs. 110

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